Singapore-based lender DBS has appointed Hou Wey Fook as chief investment officer (CIO) for its consumer banking and wealth management division.

In his new role, Fook will be responsible for investment strategies including global strategic and tactical asset allocations for DBS’ clients.

He will lead a team of investment strategists and communications specialists within the CIO office and also publish asset allocation calls as well as thematic trading ideas across asset classes of equities, bonds and currencies.

Fook, who has an experience of over 30 years in fund management, most recently held senior management roles with Bank of Singapore including CIO and head of discretionary portfolio management and funds.

Fook, who will take up the new responsibility in September 2017, will report to Tan Su Shan- the group head of consumer banking & wealth management.

Commenting on the appointment, Shan said: “As we further entrench our position as a leading wealth manager in Asia, it is important to identify and build deep bench strength in our bank, and we are delighted to welcome Wey Fook to the DBS family.

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“Wey Fook brings with him a wealth of investment and advisory experience and with him joining the bank, we are taking our business to the next level with a strong focus on enhancing the delivery of quality investment advice and asset management solutions to our clients. We will continue to strengthen our franchise by adding to our talent pool and investing in technology, and are fully committed to enhancing the client experience by combining the best of personal service and digital innovation with bespoke wealth solutions.”